Five-Story 20-Unit Apartment
For Sale
$7,395,000
319 E 90TH Street 1, New York City, NY 10128
Individual laundry and select private outdoor areas distinguish this multifamily property.
Property Size8,950 SF
Price / SF$826.26
Days on Market178
Property Features for 319 E 90TH Street 1
General Information
Standard status
Active
Size
8,950 SF
Property subtype
Duplex
Additional Details
Multifamily Units
20
Amenities
washer/dryer in unit
private outdoor space
Building Details
Building Size
8,950 SF
Year Built
1915
Buildings
1
Stories
5
Listing Agency:
Serhant
Listed By:
David Rosen
(917) 524-9680
Source:
Miradorrealestate
Added: Mar 27
Changed: Sep 13
Last Checked: Sep 19 at 12:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant
Investment Insights
Based on property information with market context.
This 8950 SF apartment building rises five stories within a 25' wide structure and contains 20 units. Every apartment includes its own washer and dryer. Four residences add private exterior space: two feature roof decks, while two duplex units include backyards. Interior details include barn doors and finished improvements throughout the building.
The property is located at 319 E 90TH Street 1 in New York City, NY 10128. Its unit mix includes 18 free market apartments and two rent stabilized apartments. Constructed in 1915, the building offers an established multifamily configuration with a combination of standard apartments, duplex layouts, and select outdoor areas.
The property is located at 319 E 90TH Street 1 in New York City, NY 10128. Its unit mix includes 18 free market apartments and two rent stabilized apartments. Constructed in 1915, the building offers an established multifamily configuration with a combination of standard apartments, duplex layouts, and select outdoor areas.
Key Highlights
- 20‑unit, five‑story apartment building
- 8950 SF building on a 25' wide structure
- Washer and dryer provided in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$279,432
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,588,640
$5.6M
Cap Rate 7%
$3,991,886
$4.0M
Cap Rate 9%
$3,104,800
$3.1M
Market Conditions
NOI Build-Up for 8,950 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$535.9K $59.88/SF
− Vacancy
−$27.9K −$3.11/SF
EGI
$508.1K $56.77/SF
− OpEx
−$228.6K −$25.54/SF
NOI
$279.4K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,588,640
Cap Rate 7%
$3,991,886
Cap Rate 9%
$3,104,800
Alternative Uses
Best Use
Apartment 5plus
$3.99M
$3.49M – $4.66M
NOI $279,432 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.36M
$5.57M – $7.42M
NOI $445,445 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
4,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Individual laundry and select private outdoor areas distinguish this multifamily property.
Where is this apartment building located?
The property is located at 319 E 90TH Street 1 New York City, NY.
What is the asking price?
The asking price for this property is $7,395,000.
What are key features of this property?
This property features: 20‑unit, five‑story apartment building; 8950 SF building on a 25' wide structure; Washer and dryer provided in every unit
